Smiths Group plc (OTCMKTS:SMGZY – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 400 shares, a decrease of 90.2% from the October 15th total of 4,100 shares. Based on an average daily volume of 201,200 shares, the days-to-cover ratio is presently 0.0 days.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Barclays upgraded Smiths Group to a “hold” rating in a report on Monday, September 30th. Berenberg Bank raised Smiths Group to a “hold” rating in a research note on Friday, August 23rd.
Check Out Our Latest Stock Report on SMGZY
Smiths Group Price Performance
Smiths Group Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, October 18th will be issued a $0.378 dividend. This is a positive change from Smiths Group’s previous dividend of $0.16. The ex-dividend date is Friday, October 18th.
About Smiths Group
Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.
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